 | So I made a guide on staking CRV, but I forgot to add a few things. Here is a link to the guide. https://old.reddit.com/r/CryptoCurrency/comments/yd61kr/how_to_make_money_on_curve_defi_voting_and_staking/ I want to note right now this is far more risky than my other guide. You were really depending only on curve and MAYBE 1 other thing. This time you are depending on a lot of projects. But being a crypto yield farmer. It is our life :P What you need:ETH for gas fees CRV (optional) This can make you money. So the more the better (obviously note the risk) CVX (There is a way to stake and get some like that. You can get it on Coinbase.) Note this is your money maker Step 1: (optional)Go to https://www.convexfinance.com/stake CONVERT & STAKE. Note below that first area you can stake your LP tokens from Curve. This gives you the benefits as if you were staking on Curve itself. Personally, this is far far far far cheaper than other places like https://concentrator.aladdin.club/#/vault At least in my experience. Just note the APY. It isn't as good, but I'm not spending $100 to deposit it. Note the payout is in CVX. Step 2:Go here https://votium.app/ and approve it. Step 3:Lock your CVX here https://www.convexfinance.com/lock-cvx Note you are locking it for 16 weeks. You should see something like this on the right side Go back to https://votium.app/ and see if your pending next round matches with what you just locked. Step 4: (optional but I think it is worth it unless if you are rich)Go here https://llama.airforce/#/union/pounders and the following tells you what I think you should do this step Note some of the F&Q is out of date. There is multiple options that will show up after you get activated. If you go to pounder you can withdrawal in other cryptos And note you get an APY on the reward you pick What this means?You get rewards for CRV roughly 13.75% (optional but note you aren't locking it) Your PL token 5.27% (optional and depending on your LP) Locked CVX 3.51% And lastly the APY from the union which ranges between 14.13%-91.75% at the time of writing this. [link] [comments] |
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